Downing Street has said:
Ian Hislop summed up on the BBC quite well what is actually going on (see http://www.bbc.co.uk/news/uk-21848746). Remember this isn't to prevent crime, we already have laws against phone hacking and the like. This censorship of the press is to stop you finding out about Celebrity Scandals. And who decides what you see? Well seemingly Celebs considering the amount of influence they had in setting it up.
So like the Spectator we are saying NO! Reminds me of someone.